Triumph says it is contending with issues across commercial and defense programs as it grapples with supply chain challenges that are denting its cash position.
New requirements to validate human factors assumptions and the need to comply with a 2013 rule have pushed Boeing down an unfamiliar path to 777X type inspection authorization.
TRIUMPH GROUP lost $14.1m on $281m sales in first quarter ended June 30 vs $18.2m loss on $264m a year ago; Commercial OEM sales increased 1.4% to $118.7m (Interiors sales down) and Commercial Aftermarket 42.6% to $15m.